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Show July 9, 1955 Till: JOURNAL Pane RR Safety Award l"Jhat Theyre New GI Farm Loan Bill Given to U. P. Gels PresidenFs Signature First Doing in the National place in World War II and Korean con flict veterans will find it easier to get GI loans to purchase farms Teachers on which there is a home or to Foreign construct or improve farm houses WASHINGTON, JUNE 28 Some .100 American teachers will under a new law recently signed by be able to teach in foreign coun- the President. academic The new law increases the Vettries during the 195G-5- 7 Washington of Health, erans Administration guaranty of Education & Welfare informed GI farm loans made by private lenders to GO percent of the loan Sen. Wallace F. Bennett with the maximum guaranty of Tuesday. $7,500 on the following three types Sen. Bennett, who is a educaof loans: of the administrations 1. For the purchase of a farm one three of tion bill and who was senators supporting a $10,000,000 on which there is a farm residence fund restoration for the student to be occupied by the veteran as exchange program, hailed the move his home . The guaranty would as a rare and worthwhile oppor- cover not only the farm and residence but include all other buildtunity. Positions may be arranged on an ings which are considered as part y of the realty. interchange basis or as a 2. For the construction of a assignment, the lawmaker said. authoris Such foreign teaching farm residence to be occupied by 5S4 laws ized under public (the the veteran on land owned by the Smith-Mun402 and veteran. In the case of a veteran (the Fulbright Act) who wants to build a residence on Act). Interchange teachers are needed his farm on which there is an inin Australia, Austria, Belgium, debtedness secured by a lien Luxembourg, Canada, Germany, against the land, the GI loan with Netherlands, New Zealand, Nor- the increased guaranty can be used way and the United Kingdom. to liquidate that lien if the inKnowledge of the language is re- debtedness does not exceed the rea- quired in Austria, Germany and year, the Department (R.-Uta- h) co-spon- one-wa- dt farm loans totalling $1 20,009, G70. VA has had to pay claims on only 2,000 farm loans. Net amount of the claims paid is $1,455,100 and that amount is subject to further recovery through the liquidation of tangbile security of from the the veterans. World Warr II veterans have until July 25, 3057 to use the GI loan benefits while Korean conflict veterans have until January 51, 1055. For the repair, alteration or improvement of a farm residence owned by the veteran and occupied by him as his home. Such repairs, alterations and improvements must protect or improve the basic livability or utility of the farm res5. idence. VA said the new aw puts the three types of farm loans on a parity with GI home loans both of which now carry the GO per cent up to $7,500 guaranty. The guaranty on GI loans for unimproved farms or for the repair of farm buildjngs other than the residence itself will remain the same 50 percent of the loan with petition for 3051 Arthur E. Stoddard, has been won by a maximum guaranty of $1,000. non-realt- man-hou- the lender. In the 31 years of the GI loan program, VA has guaranteed or insured G7,7G0 farm loans totalling $201,780,200. Veterans already have paid back in full 39,8G7 GI rs Mining is our states largest industrial taxpayer. The assessed valuation of all Utah property in 1954 was $1,072,424,034. The assessed valuation of mining property was $277,534,018 or 25.9 of the total. In addition, a 1 severance (occupation) tax is assessed against gross value of the product. Because of minings importance to government financing in Utah, the soundness of this basic industry is vital to all Utahns. UTAH MINING ASSOCIATION "From the earth comes an abundan! life for all " COMBINE YOUR NEW CHEVROLET PURCHASE WITH YOUR VACATION PLANS! teaching posts are offered by Austria, Burma, Denmark, Finland, Germany, Greece, Indonesia, Italy, Iraq, Japan, Morocco, Netherlands, Syria,' Thailand and United Kingdom colonial areas in the West Indies and parts of Africa. The foreign language requirement applies in Austria, Germany and Italy. Applications, which must be received by Oct. 15, should be addressed to the Office of Education, U. S. Department of Health, Education & Welfare, Washington 25, D. C., marked to the attention of the Teacher Programs Branch, Division of International Education. Qualifications include U. S. citizenship, a bachelors degree and a minimum of three years of successful teaching experience, Sen. Bennett said. Since 194G more than 2500 U, S. teachers have participated in similar programs. Order a new Chevrolet through us, then pick it up at the plant in Flint, Michigan, see Chevrolet built, if you like, and drive yours home. Chances are, you'll save a substantia! share of your vacation travel costsl 'flius'i'0. t sioee News About Folks In CLEARFIELD pipes that P P. M. The Elders Quorum of Second Ward is holding their annual family outing Friday at the Wheel. Families heeding transportation are to meet at the chapel at 5:30 P. M. The Elders are furnishing all of the food and there is a program also planned. Fred E. Moscum from Tooele came to the Second Ward Mutual this week and gave camping demonstrations. A good time was had at First Ward Mutual last week when about 150 members had fun with games and singing followed by, a watermelon bust. Mr. and Mrs. Kendall Sedgwick and their family enjoyed a trip to the Salt Lake Zoo last weekend. the twin tailpipes. No ter what you drive, youre going to see You can spot this one by mat- twin-exhau- st dustry, the most power per pound, and the only electrical system in its field-- air this plus a four-barrcarburetor and twin exhausts.f Want to sample this d cyclone? Just give us a call, any day this week, and well be proud to show you just how hot a V8 can be. Optional at extra cost. 12-vo- lt, el Chevrolets pulling away in traffic, on the toughest hills, on the long straightaways. . . . Unless you have a V8 of Super Turbo-Fir- e And own. know then like what to pilot your its youll the car that sets the pace for everything else and doesnt pause to read the price tags I What makes the Super scat? Chevrolets superb V8, with the shortest stroke in the in- - free-breathi- ng silk-line- i Station wagon models have single exhaust pipes . alve-in-be- ad fc, m w LAYTON, UTAH rs Utahs Biggest Taxpayer y Dorothy White Correspondent Steven Chandler turned four years old Wednesday. The William White reunion is being held at the stake center in Morgan Saturday July 9, at 12:30 presi- National Railroad Employees' Award. Safety Union Pacific placed first among railroads whose employees worked in 50,o;K),ono or more 195 1. The roads total accident rate was 3.32 employee casualties per This worked. million compares with an average of 5.87 for all railroads in this group, which includes the largest railroads of the six groups competing in Class 3. Railroads in this class are those with annual operating revenues exceeding $1,000,000. For 20 of the past 52 years, Union Pacific has operated with the lowest casualty rate among all Class 1 railroads. man-hou- y The guaranty of farm loans for such things as stock, feed and equipment remains at 50 per cent of the loan with a maximum guaranty of $2,000. VA said that while maximum guarantees are set by law, the amount of the loan obtained by a veteran depends on the policies of Mining I, U. dent, said today in Omaha that his road has received the Councils com- Belgium. One-wa- Union Pacific Railroad. Safe- ty Councils railroad safety 7 23 MORGAN, UTAH |